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Virus-Funds Scandal Prompts Calls for IMF to Halt Cameroon Loan

  • 21 prominent Cameroonian women petition lender to halt talks
  • State audit alleges misuse of $326 million of emergency funds

A group of prominent women leaders in Cameroon urged the International Monetary Fund to halt talks on a proposed new loan because of the government’s alleged misuse of funds intended to fight the coronavirus pandemic.

The call, echoed by advocacy group Human Rights Watch, risks stalling a new three-year funding program at a time when the central African nation faces a high risk of debt distress. The country is currently planning a Eurobond sale that will be partly used to repay debt raised in 2015.